JITNEY-JUNGLE GETS $37 MILLION LOAN PLEDGE

JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it has obtained a five-year financing commitment of $37.7 million -- a loan the debt-laden company hopes will help ease some of its capital needs.Ronald E. Johnson, president and chief executive officer, told SN the term loan will enable Jitney to focus on day-to-day operations while continuing to explore strategic alternatives.

JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it has obtained a five-year financing commitment of $37.7 million -- a loan the debt-laden company hopes will help ease some of its capital needs.

Ronald E. Johnson, president and chief executive officer, told SN the term loan will enable Jitney to focus on day-to-day operations while continuing to explore strategic alternatives. In contrast to statements by his predecessor in May, Johnson said finding a strategic p

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